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Search Results 0 to 49 of about 83 (some duplicates have been removed)
CNN
Jun 20, 2013 1:00pm PDT
the gravy train by tapering off the stimulus it stumps into the economy, sometime in the near future. he hasn't even announced it yet. i want to get to felicia taylor at the new york stock exchange. explain what happened there to trigger the second day of selloffs. >> the debate has begun as to when that tapering, that slight pullback, and i do mean slight. he's not taking all of the stimulus out of the market at once. traders discussing whether or not it's going to happen in the next month or possibly 2014, what that does to the market. we were down about 380 points before the closing bell. so we have come back a little bit and that is a good sign. but some traders say these kind of selloffs could continue because the debate is going to continue. but what we've really got to focus on is the economy. are we seeing enough positive signs in the economy? so far it's a very mixed picture for the federal reserve to feel confident enough to begin that slow tapering down. the answer is not really. they need at least three monies of positive economic news for him to begin that stimulus pullback.
MSNBC
Jun 21, 2013 3:00am PDT
-- pumping billions and billions of dollars into the economy. is it possible that we have gone from a tech bubble to a housing bubble to a fed bubble? >> it's absolutely a risk. the real question is is this easing? all this billions and billions of dollars, trillions of dollars really of dollars the federal reserve has printed and pumped into the economy. have they created a real enduring economic expansion? can housing exist? can housing keep recovering even without ultra-cheap money? can the housing market keep rising without ultra-cheap money? can housing growth continue? that's the bet that ben bernanke has been making the past couple of years. the question is is the debt going to pay off, or will we be right back in this mess we were five years ago? >> isn't the case when former chairman allen greenspan greens retired, he was pummeled because of the housing bubble. isn't it the case, since greenspan left, we've become more liberal with our monetary supply as far as pumping more money into the monetary supply. money has been basically free for investors and businesses for the past seve
FOX News
Jun 21, 2013 1:00pm PDT
-- the problem is the timing of all this. are you telling me the economy is so good now they can stop this program, this $86 billion a month in just a few months if the economy improves? payroll not getting better. trading fulltime jobs for parttime jobs, so seeing individual savings rates plummet. and at the same time our manufacturing base is not doing so. we this economy is maybe in first gear. now the federal reserve board, who hasn't accurately predicted anything about the economy over the last four years and has never predicted a recession, says, okay, we think now we're getting close to the point where we can pull the stimulus out of the market. nobody gets it. why now? we don't have enough traction here to do this. >> jerry, you talked to individual investor, portfolio people, not the manager. should they continue the course, keep the regular purchases or dollar cost averaging? >> they should absolutely. but a lot of the folks who watch our show don't like what they've seen in the market. they tone like the way we got to the rally. the think it's all about ben bernanke and the
MSNBC
Jun 20, 2013 10:00am PDT
of a timetable on it, saying if the forecast for the economy goes as planned, we'll start reducing the amount of -- combination for the economy by the end of this year and we'll end it next year. he tried to go to great, great lengths to say, you know what, that doesn't mean we're tightening on the economy, just we're not stimulating the economy as much as we do before. >> we've seen the market drop even lower today. there is some thought that that might actually have to do with what's happening in china as well. can you talk a little bit about that? >> i think that's a piece of it. we got negative data out of china that was a bit of a surprise. there's concern about the chinese central bank there, the people's bank of china clamping down on bank lending there so maybe you'd have what you call a hard landing where things would stop a little more abruptly than had been anticipated. the data out of the u.s. was a mix. we're kind of feeling our way along here. i think the real concern for the markets right now is does the fed make a mistake here? does it end up withdrawing the stimulus from the
CNN
Jun 19, 2013 1:00pm PDT
pleasure, thank you. >>> next in the money lead, the head of the fed says the economy is improving but free money is still flowing. so where do we stand now? plus, amnesty, the word that might kill the immigration reform bill. many conservatives coming to washington are fed up. i will ask democratic congressman castro whether he thinks the immigration reform bill has a chance in the house. [ indistinct conversations ] [ male announcer ] when you wear dentures you may not know it, but your mouth is under attack. food particles infiltrate and bacteria proliferate. ♪ protect your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. ♪ hooking up the country whelping business run ♪ ♪ trains! they haul everything, safely and on time. ♪ tracks! they connect the factories built along the lines. and that means jobs, lots of people, making lots and lots of things. let's get your business rolling now, everybody sing. ♪ norfolk southern what's your function? ♪ ♪ helping this big country mo
CNN
Jun 19, 2013 11:00am PDT
anticipated meeting on the economy. and the result of that meeting could affect your retirement savings, your ability to sell your home, buy a home, your 401(k), your cash. the list goes on and on. as we know, everyone sits with bateed brea bated breath waiting for the voice of ben bernanke. christine roman, good to see you. we're hoping you can translate some of the fed speak in language we can all digest. i know this is your beat. tell me, we're awaiting this statement. what will you be listening for? >> what we know is we have seen the statement. we know there's no change in the amount of bonds the fed is going to keep buying, that stimulus into the economy. no change in its interest rate target. really i would say overall no change from the fed right now. and that is what so many people wanted to know. will the fed chief, will ben bernanke, continue to stimulate the economy. they're putting $85 billion every single month right into the economy by making these bond purchases. what we can tell you, the statement from the fed, that's going to stay the same. they are not announcing how, when,
CNN
Jun 20, 2013 6:00pm PDT
the headlines. if the economy is getting better, why did wall street have the worst day of the year and the walls, exclusive the man that co-founded apple with steve jobs, his interview tonight on a segway, a machine that nearly killed me once. we'll get around to talking about why. i want him to talk about the new upcoming jobs movie. >> nobody wants to buy a computer, nobody. >> how did somebody know what they want if they have never even seen it? >> also, government snooping taking us back to the days of the cold war soviet union. >> i want to begin on the tragic death of james gandolfini yesterday. we're learning more about the moments of his family found him in his hotel room last night. dan is live in rome with more. dan, what is the latest? >> reporter: well, we've been piecing together the tragic final minutes of james gandolfini's life. we know that he arrived at the hospital at 10:40 p.m. having been rushed in found collapsed in his hotel room in a five-star hotel here in central rome. we know he was traveling with his 13-year-old son. there are some reports suggesting it
CBS
Jun 21, 2013 7:00am PDT
in years? plus, how the dow's plunge could be a good sign for the economy. >>> new overnight. word of a near miss in the skies above new york city. how two jets almost collided in midair. >> the incredible story of a deaf boy hearing for the first time. inside a medical breakthrough. >>> and the miami heat go back to back, repeating as nba champs. >>> but we begin this morning with a look at today's eye opener. your world in 90 seconds. >> people in hedging their bets. >> wall street tries to rebound after a massive sell-off and stocks tumbling. >> yesterday, the dow plunged, its biggest point drop since 2011. >> anxiety mounted over potential of the stimulus reserve to end. >> snowden under investigation. the inspector general race been looking into the company. >> we do believe there may be some problems. >> senate leaders appear to have reached a compromise on immigration reform but the deal is likely to face stiff opposition in the house. >> for peepople concerned about border security, once they see this bill it's almost overkill. >> it's back-to-back
MSNBC
Jun 21, 2013 6:00am PDT
there backing up investors. the fed was promising that if the economy didn't inprove, don't worry, we're going to continue with this very easy monetary policy. make sure there's plenty of money. a lot of liquidity. bernanke really made people realize that this pulling back, the tapering of the fed, this almost tightening, because they're not going to be as easy as they've been, this was the warning signal this was going to happen. a lot people had been pushing this out to 2014. maybe 2015. ben bernanke made it clear. this is going to be happening potentially even this year. and, you know, they say they don't ring a bell at the top of our markets. that that's the big question and the big game you have to play when you're investing. this was almost a bell to all those investors who worried, okay, this is a massive change, this is the time we need to move. that's what's been happening here. we do look like we're going to open by 60 points but that was about half the gains we saw early this morning. >> the market got its bell rung this week. have a great friday. enjoy your weekend. >>> we move on.
CNN
Jun 19, 2013 6:00am PDT
, dana, you would think maybe he would talk about the global economy because, you know, germany's still very much struggling with its economy. it's so much tied to the united states. why not talk about that? >> well, it's hard to imagine it's not going to be at a least implicit in his speech. but one of the things that people may not know about president obama is that when he was here in the capital, when he was senator obama, that issue, the nuclear issue, was something on the top of his priority list. in fact, when he was campaigning in 2008 and making the point when he got to the general election that he could work across the aisle with republicans. one of the examples he could give is working with former indiana republican on the nuclear issue. that they even traveled together on it. this is actually something, he wasn't here very long as a senator. he didn't even finish his first term, but this is something when he was here briefly he did focus on. the other quick thing i want to point out, gloria talking about the big crowd of 2008 and the much smaller crowd here now that he's pre
CNN
Jun 20, 2013 6:00am PDT
.s. economy, but there would be a road map for when they would stop doing that. the u.s. economy was strong enough to get on its own two feet and unemployment rate got back 7%. take their foot off the accelerator is the way the fed chief put it. overnight, world markets started to react saying all the markets that had benefitted from the big flood of fed money into the world economy and all markets having a pull back to what would be the reality when the fed is not in the game. you see the dow down about 69 points right now and down 72. we'll continue to watch. we have seen triple-digit declines the last six or seven days in a row, carol. >> then it goes right back up. such a weird thing. >> very volatile and i'll let you know how this is playing out and whether they can absorb it all right today. >> thank you, christine. >>> other stories we're covering this morning. senate negotiators are expected to announce a deal today on an immigration reform bill that would increase border security as cnn first reported yesterday. the plan would double the number of patrol officers from the current l
FOX
Jun 21, 2013 7:00am PDT
national security but invests in the economy. it's more about who we are. i'm very hopeful. >> senators get back to work on capitol hill behind me in this 15 minutes. we expect to hear from senator reid. back to you. >> joe biden is one in the immigration leading the charge for this. >> it's time to provide a fair, reformed unfettered pass to citizenship for $11 million undocumented immigrants. >> he spoke at a awards banquet in las vegas and says this is part of the future of america. >>> and san francisco state senator leland yee will hold a news conference in support of immigration reform. he will unveil a measure that pardons 11 million immigrants and branses them similar immigration rights as same-sex couples. >>> a new volunteer center has been launched for sierra lamar. they've moved to central high school. it used to be at burnett elementary. sierra's father, steve, made the move will allow volunteers to rico -- refocus on finding her. now, antolin garcia-torres has been charged with her murder. >>> a shooting happened about 10:00 at 6th and natoma. the victim was shot twice but is
CNN
Jun 20, 2013 2:00pm PDT
to back off of this government program that has helped push the economy along and that has sent the markets in a tail spin. he used the word "taper", he's going to taper the program. what does that mean? well, imagine the economy to be like a kid trying to ride a bicycle after a spill, trying to get back on balance. the fed has been helping out to steady and push him along with about $85 billion a month in stimulus. ben bernanke has been looking at numbers saying housing is up almost 7% in may, unemployment 7.6%, not getting better but not getting worse, gdp, 2.6%, all of that he's saying is that all of this that is good enough that the government can start backing off and let the economy stand on its own a little more. i'll be there. if it gets in trouble, i'll step in and save it, it will be okay, there is what we should do. so why are the markets so troubled? partially because they're looking at the same numbers and they are not as confident. their sense is that if you step away from this economy right now and try to let it ride on its own, in fact you could have a lot of wob
MSNBC
Jun 21, 2013 7:00am PDT
, hiring police officers and hiring firefighters. and it comes back to the economy. and if the sequester cuts are not done effectively and accurately, it's going to affect us on the streets where main street lives. >> so this may be an area where republicans and democrats, mayors from across the country will agree this weekend, but what can you all do about it? i mean, what kind of influence can you have? what can you accomplish with this meeting? >> well, i think congress listens to what mayors have to say, but, you know, congress is not necessarily a functional legislative body to begin with. so sometimes on some issues, i'm not sure our voices is as loud as it could be or received as loudly as it should be. but, you know, people live in cities. and i think they look at city government right now as being stronger and stronger and a more vital part of our economy than ever before. cities are where the jobs are being created. it's where the growth in our national economy is going to have to take place in we are going to continue to build this country. >> and finally, before you go, you a
CNN
Jun 21, 2013 3:00am PDT
of money they're pumping into the economy each month. >> we will ease the pressure on the accelerator by gradually reducing the pace of purchases. >> reporter: the second, overnight thursday, bad news from china. manufacturing production fell for the first time in eight months. a sign that one of the world's most powerful economies isn't growing as fast as it had been. the pros on wall street say this was bound to happen after months of gains and record highs. and in fact, the fed pulling back might be a good sign that the economy's getting better. >> there is no fear. there is no panic that's going on. but i think we do know that it's going to be a nice slow, orderly process to see if our economy can stand on its own again. >> reporter: that doesn't make yesterday any prettier, and stocks were only part of it. a metal meltdown. 2 1/2-year lows for gold and silver. gold, the shelter from the storm in the recession, is dropping like a rock, losing a quarter of its value to far this year. don't be too afraid to peek at your 401(k). even after yesterday's dramatic drop, the dow was up mo
KRON
Jun 20, 2013 4:00am PDT
the current economy as poor. but the poll also indicated a positive trend. the number of those who rate the economy as good has grown steadily since the end of last year of nearly 10% from last december. overall, optimism that the economy will improve his split almost down the middle. 50 percent predict they will not be better off a year from now, 49 percent say things will get worse. dunkin donuts is going to look in freeing--gluten free. sort of. the breakfast chain says it plans to offer gluten-free cinnamon sugar doughnuts and blueberry muffins by the end of this year. gluten is the major protein found in grant like wheat, barley and rye, as well as in some deli meats and other packaged products. for people with a condition known as celiac disease about 1% of the population, even small amount of gluten can prompt severe discomfort. the house is preparing to vote on whether to cut federal lee subsidized crop insurance that helps farmers when they lose crops or revenue. --federally subsidized. the amendment would limit government help for crop insurance paid to what the farmers and al
FOX News
Jun 19, 2013 7:00pm PDT
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MSNBC
Jun 20, 2013 7:00am PDT
think that leadership of the house recognizes that immigration reform would be good for the economy and good for their branding as it relates to the latino community and if they want to have a chance to get the white house next year as senator lindsey graham talked about, i think that they understand that the leadership level that this is a real goal that they want but i think they are going to have trouble work with their base in the caucus but i'm convinced that the momentum that could be gained by a strong vote in the senate would be with the ground swell of public support. it's very clear in poll after poll that the american people want this issue solved. they want a resolution on this. this is a win-win for the country and i think people see on the economic benefits as well, what you're hearing in those extreme voice by house members is just not consistent with the broad feelings of the american people have said they want in terms of this issue. >> thanks so much. >>> thank you. >> alex, susan, we've seen this, the republicans who have been on the forefront of this, some taking
MSNBC
Jun 17, 2013 9:00am EDT
at this lakeside resort in ireland was supposed to be the economy, trade. the meetings will be dominated by an issue that was not on the agenda. syria, as the u.s. and most of its western allies troo toy figure out a way to prop up that opposition in the country's two-year-old civil war. the old g-7 basically came together as a way to -- a bit of a counterforce to the soviet union. and now of course this country, number eight, russia. vladimir putin has stuck by syria's leader bashar al assad. in fact, before arriving in northern ireland, putin met with british prime minister david cameron. his comments after that meeting seemed to foreshadow a cold war-like exchange over syria with president obama when the the two meet later today. >> in regards to the supplies of weapons to the assad government and as regards to who has the blood of the children and peaceful citizens of syria, i believe you will not deny that the blood is on the hands of both parties. >> of course, president obama has been a very reluckant supporter of arming the syrian opposition. and it's meant he's gotten a lot of b
FOX News
Jun 19, 2013 6:00pm PDT
we'll leave in place a disaster, a de facto amnesty disaster that's hurting our economy, sovereignty, our security. >> sean: the reason for the distrust every time we hear there's going spending reined in and tax increases american people seem to get the tax increase but never get the spending cuts. i guess you understand the distrust. >> do i. that's why those things are linked. that's why the permanent residency with the green card -- that won't happen unless these border provisions happen first. >> sean: can i just get you maybe to reiterate, because there's been so much debate about this. you're saying you're pretty confident tomorrow that the border will be secure first with triggers before there's any path to legalization? >> before there's any path to permanent residency, permanent legal residency. you have 11 million people living here right now. we have to run them through a background check and start paying taxes and pay a fine. but that's not permanent. that's a temporary work status. the only difference between what they are doing now and what i'm proposing they have to p
CBS
Jun 21, 2013 6:00am PDT
later this year if the economy continues to improve. >> a choppy volatile summer. i would expect us to end the summer below or where we are now. >> many investors say the sell- off, what they always say, an opportunity to buy discounted shares. >>> in less than an hour thousands will kick off the susan g. komen three-day walk for breast cancer cure. this will be the last such walk here in the bay area. kpix 5's sue kwon joins us live from the starting line in corte madera with that. >> reporter: bright and early people lacing up ready to go in their hot pink getting ready and registered for open ceremonies to begin around 7 a.m. this is going to be a three-day walk. 20 miles today goes through the presidio where they will camp out tonight. all in all going about 60 miles. as you mentioned this is the last event in the bay area. the charity has canceled half of all its three-day walks including boston, chicago, tampa bay, washington, d.c. and her in the bay area and the reason why? they cite low participation, economic uncertainty, and a low donation rate. but, you know, this also
KRON
Jun 20, 2013 7:00am PDT
-thirds of americans rate the current economy as before. the poll also indicates a positive trend: the number of those who rate the economy as good as ground steadily since the end of last year-up nearly 10% from last december. overall, optimism that the economy will improve is split almost down the metal. 50 percent predict they will be better off a year from now, 49 percent say things will get worse. >> if you think about starting a business, calif. just might be the state for you. according to the kaufman index of entrepreneurial activity and a list of 10 states saw more start of activity than anywhere else nationwide. here is a look of the top 5- montana, vermont, new mexico, alaska, and mississippi. coming in at no. 6 is california. in 2012, the state had a starting rate of 410 per 100,000 adults. the coffin index says that california has major advantages including a strong talent base, an estimatestablished network of venture-capital, a big consumer market, and top not to private and state research schools. a government analyst says the merger of american airlines and u.s. airways would reduce c
MSNBC
Jun 22, 2013 5:00am PDT
that pitted him against his unlikely challenger in 2014. tough economy, we're talking about jobs in the state here. you're talking about somebody who molloy has made clear he might have his eye on the national stage a little bit. he has to get by in 2014. how does this issue affect him with perry coming in and maybe losing gun jobs a little bit. >> it's a choice he's going to have to make. between jobs and votes, really. when it comes down to it. i think he wins on the vote side. the national attention on this issue and at least in the northeast, perry will be vilified. i would love to see him meet up with chris christie. >> nobody is going to say that this year. >> it's a delicate balance that he's going to have to walk. i'm sure the nra is going to be going after him should some of these manufacturers leave. so, it's clearly an important calculation for perry to strengthen his national credential. ultimately i think molloy will be fine because he'll be fine on this issue and he'll bet support from around the country. >> i wonder how the et voers in connecticut would feel about it because th
CNN
Jun 21, 2013 6:00am PDT
year and they're concerned what the fed is going to do when they stop supporting the economy probably some time into next year. you'll see this gut check where people are taking money off the table. >> christine romans reporting live from new york city, thank you. >>> six women, six women, just women would decide the fate of george zimmerman and remember race could be a key factor to this case. five of thez women jurors are white. one is described as hispanic or black. opening statements now set for monday. also, today the judge will rule on a controversial voice analysis of the screams heard on this 911 call. >> does he loohurt to you? >> i can't see him. i don't want to go out there. i don't know what's going on. >> do you think he's yelling help? >> yes. >> all right. what is your -- >> all right, you heard the screams in the background. the prosecution wants to show it was trayvon martin's voice. if so, that could hurt zimmerman's self-defense claim in shooting zimmerma eme eme em was unarm aed. >>> also new information this morning in the sudden death of james gandolfini. hotel s
CNN
Jun 20, 2013 5:00pm PDT
, the fight that affects millions of people and could reshape the economy and job market and could reshape america's border with mexico but on top of that is a battle in many ways for the future of the republican party, immigration reform. today in the senate offered an amendment calling for 20,000 more border agents and completing a fence to beef up republican supports if the larger reform bill passes the senate, republicans in the house will support it. that, however, is a big if. dana bash is here to explain why. dana, it goes back to border security for republicans. does it look like this bill, at least as it now stands, is tough enough on boarder security to get republican support? >> reporter: it's tougher and looks like it could. it's not a question in the senate whether or not immigration reform will pass but by a lot of votes and talking to republican sources, they think that this beefing up the border security will bring maybe ten to 12 republican senators near it that wouldn't before hand. supporters say they need maybe up to 70 votes in the senate to give this issue momentum he
FOX News
Jun 20, 2013 2:00pm PDT
-rich psychos who have us under their thumbs. it prevents our economy from growing by fracking and it leads to corruption in green energy, which is nothing more than the mafia with hemp. >> david, seriously, he was in berlin and he wants to talk about climate change? >> this is called governmenting by fox checking. nuclear disarmament, check. climate change, so important that this speech was given in the fifth year of his two terms. these are all things that he's talking about in europe that are never going to get done here. what he could do that would be an amazing thing for america would be the keystone pipeline. and also a universal rule for natural gas fracking, which would allow us to actually not just change our economic position in the world, but our socioeconomic position and the power. bob is looking so miserable. >> but i do think that it was, it really was just, okay, i've got to get this off my plait, hollywood's breathing down my neck, i'm going to talk about climate change so everybody here in berlin will give me a high fall. >> i'm going to call my producer out for a second,
NBC
Jun 20, 2013 6:00am PDT
into the economy. the more money you have, the cheaper it is to borrow. all of this goes away at some point, probably next year. we expect another rough day on the markets today. if it's any consolation, john, we're starting to see the real value of the american sock markets and american companies, not the fake value we've been seeing for so long propped up by that extra cash. >>> 6:31 right now. dozens of men and women arrested in santa clara's biggest gang bust in history will be back in court. the allege ld members of the nuestra familia gang will be in a san jose courtroom for bail hearings. some could enter their pleas. ma first court appears last week, facing a variety of charges including robbery, drug sales and murder. >>> this morning the oakland police department will introduce the city's five district commanders. earlier this year the police department began implementing its neighborhood policing plan. part of that plan was to put captains and lieutenants in charge of five police districts that together make up the entire city of oakland. today the leaders will discuss crime prod
MSNBC
Jun 19, 2013 8:00pm PDT
? >> the reason we're not somalia or haiti, the program is working. it's countercyclical. when the economy's bad it increases, when the economy's good, it goes down. the reason we don't have mass starvation is this program is helping tens of millions of american families survive. the facts are, before the 1970s, when we did have the program, we had third world style malnutrition. these programs almost entirely ended hunger in the 1970s. >> that used to be a bipartisan understanding. bob doll is one of the founding fathers of this program. and it used to be a way to help farmers and families. there's a business case for continuing these programs. the biggest recipients of the money. it's all cycled back into the economy. >> no one's saving -- companies like kraft that make the boxed food that's inexpensive to buy, companies like walmart, supermarkets, all plow in the money from these food stamp programs. we also had this interconnectedness of our safety net programs that's going to make this a double problem. feeding america that operates lots of food banks around the country sent out an alert sa
MSNBC
Jun 20, 2013 11:00am PDT
this year because the economy is improving. it could also mark the beginning of the end of historically low interest rates. right now the dow is down. you see it on your screen, 227 points after falling 206 points yesterday. cnbc's kayla joins us live. kayla, the residuals still from bernanke's speech? >> tamara, i think we're going to be feeling the reverberations from that for a long time. all three averages are down 1.5%. you have gold which investors go to when they sell out of stocks. gold is down, too. you have bonds down also and the interest rates on those bonds are spiking. the ten year treasury is at a yield that it hasn't seen in nearly two years. stocks for their part have retreated. they've lost basically everything they've made in the last two months. you've mentioned it. it's somewhat ironic. a normal observer would say why is everything sell off because chairman bernanke said the market was doing better? there were all of these green chutes and signs up. there was an unprecedented amount by the federal reserve buying bonds, initiating pra ms to help stimulate the economy, an
CBS
Jun 20, 2013 11:00pm PDT
buying program if the economy continues to improve. >> i think we'll have a choppy volatile summer. i expect us to end the summer below or at where we are right now. >> it's an opportunity to buy. buy low. sell high. the stock market is still up. double digits for the year. >>> the fbi has a guy on the most wanted list. he hasn't murdered anyone on blown anyone up. he's wanted for mail fraud. bruce lee marshal has been on the run since may 17th. he's charged with tricking a former employer into paying $100,000 for contracting work with a fake company he invented. >> in this particular instance, he portrayed himself as being able to set up a company that could provide services to a start up company, when in fact it appeared that he did not provide what he said he could provide and was paid for much of those services. >> he's 5-10 with black hair and brown eyes. he's trying to find a job as a software engineer in the san francisco or san jose area. >>> coming up, an infamous bay area killing comes to life on the big screen. the red carpet debut in the city where it all went down. >>> se
CNN
Jun 17, 2013 3:00am PDT
talking about policy. we're not saying we don't like the economy. we're not saying it's this one program. we don't trust you. >> reporter: and that becomes a huge problem for a progressive presi"ent who needs to tell people, let me use the government to make you) life better. if you don't trust him, his disapproval rating is up and you think government is too big -- 6 in 10 americans now think government is too big, that he can't manage it effectively. this is like a political version of an underwater mortgage, if you will. his disapproval is above 50. people don't trust the government. you look at this coming out, is he trustworthy? 49% say yes. that's up 58% since just last month. so he's taking a hit. something has americans stoppint and saying, hey, wait a minute. when you're early second term with the midterms just around the corner, don't invest in one poll, but if you're president and you know the clock is ticking, that's trouble. >> it's one thing about the nsa or about a policy, but if it's whether or not he's believable, it makes it difficult to come back, even it's just one po
CNN
Jun 19, 2013 3:00am PDT
news that we need to know. big day for the economy. >> it is "b" day, ben bernanke, deciding how long to keep up propping up the economy, is the economy strong enough to stand on its own? wall street nervous, the dow posted triple-digit moves, you guys, past six sessions, dow futures up 29 points right now. brand new cnn/orc poll most americans say the economy is in poor shape and when it comes to people's finance more pessimism. 44% say they're financially worse off than a year ago, only 36% say they're better off. no improvement from last year, no improvement. the stock market is up 13% and there's no improvement from last year. >> she's getting emotional about it. she's got a frog in her throat. >> cnn money released a list of best places to launch a business, montana, vermont, new mexico, and if you want to launch a business there you go. >> i'm thinking north dakota, i did a piece in north dakota about the fracking industry and how it's booming. lowest unemployment. >> the lowest unemployment in the country is in north dakota. i hear it's lovely this time of year. >> not a lot of
KOFY
Jun 19, 2013 9:00pm PDT
about every one of us. fed chairman ben bernanke expects the economy to grow and unemployment to fall. but he also signalled today that years of low interest rates that have made it easy for companies to invest and families to buy cars and homes may soon be ending. the dow dropped more than 200 points on that news. the nasdaq dropped almost 40. ton, abc news reporter rebecca jarvis explains what that means to the average american. >> david and sara turn bull are looking at homes in newbury park, california, for their expanding family, hoping to take advantage of record low interest rates. >> because we're at a time where we can buy, we would ideally like to lock in an interest rate. >> but in the last six weeks, interest rates have started climbing. mortgages now above 4% for the first time in a year. up more than half a percent since may. >> people are really thinking that makes a big difference in my monthly payment and what i can afford. >> every 1% increase in mortgage rates makes owning a home about 10% more expensive. >> i like that. >> in real terms, when rates rise a percent,
FOX
Jun 19, 2013 10:00pm PDT
the overall economy. chairman ben bernanke said it will slow its bond buying stimulus program this year, and end it next year. he said this is possible, because the economy is improving. the fed's program has kept interest rates at record lows. that news from the fed sent the stock markets down across the board. one analyst said any suggestion that the fed will cut its buying is going to be met with a sell-off, which is just a sign of how much investors depend on that program. >>> are you better off now financially? many americans say no. a cnn poll has found 44% of americans say their financial situation is actually worse today compared to a year ago. 36% say they are better off, and 20% say their personal situation is just about the same. only half say they expect economic conditions to be better one year from now. >>> bay area doctors may soon change the way they treat obesity, because of one word, ktvu's heather holmes is live now in oakland with reaction to obesity, now labeled as a disease. >> reporter: the head of the bariatric program here hopes this sends a message, not only to
FOX
Jun 17, 2013 6:00am EDT
for the economy. economy. we're going to talk about the te concept of this store and why it works. and wisdom, it happens to be be national eat your veggies day,ie if you'res going to eat some vegetables, why not come and ged some of the best. i will give you a variety toriet choose from. i think it's going to be a tasty morning all in all. all. >> i will make it easy, bring bg them all. all. >> holly morris, is you veryu vy much. mu >>> we want to take a moment too say hello to our facebook fan oe the day. tutor watching lindsay vanness, all right, that's going to do it for the 6, let's send it to allison and normally it would be tony.ny. it's allison and sarah. sarah. >> i'm something back, so hold it down until i get there. >> ladies, first. lad >>> coming up, on fox 5 morningr president barack obama, he arrived in northern ireland andn gaved a major speech on peace, c and is headed to the g-8 summitm the topic what happens in syriaa that the u.s. says will help arp the rebels.rebels >>> closer to home, virginia's government, faces new questionsn about misconduct. miscond reports today tha
CBS
Jun 19, 2013 7:00am PDT
says if the reform bill passes, it would boost the economy and cut the federal deficit by $200 billion in the next decade. but now there are fears it may not happen at all. our political director john dickerson is in washington. john, good morning. >> reporter: morning, charlie. >> so what's the impact of this cbo report? >> reporter: well, i think for those who are pushing comprehensive immigration reform, it's a second big argument for them. they've been making the moral case that the immigration system has to be fixtured. now they can make an economic case that it's actually good for the economy. and critics, though, of this have seen a kind of push to get this bill rammed through. and so a lot of conservatives think that cbo is kind of tweaking the numbers here. they don't believe this will be good for the economy at all. >> john, what does it portend for the future of the immigration bill in the house when a key committee just passed a bill that would make it a federal crime to be in the united states illegally? >> reporter: the central tension to watch in this bill is between get
CBS
Jun 20, 2013 7:00am PDT
nervousness about what exactly the implications are. at root it's the fed's assessment that the economy's on firmer footing that is behind this guidance. >> do you think they're overestimating the strength of the economy? >> it's hard to say. there is very good evidence because the housing market has gotten some momentum. the auto sector is doing well. weep we've had steady if not strong gains in jobs. there was also a perception, a the fed is often kind of overestimated how strong the economy is going to be in the past couple of years. and also there was sort of a sense that ben bernanke the chairman, had an opening to be much more soothsing because inflation remains very low and he could have had an out by saying the sequester means the government is not helping the recovery out. >> the reason the average consumer should be interested in this is because it affected interest rates. >> it already has. we've already probably seen the lows in mortgage rates for the time being. so yes, that's the most immediate impact. >> the idea behind it on terms of what berna
NBC
Jun 17, 2013 7:00am EDT
is about to meet with fellow g-8 leaders and talk about trade and economy in syria comes the new revelation from edward snowden. it could make things awkward. >> let's get to andrea mitchell who is covering this for us. good morning to you. >>> good morning. edward snowden has struck even. he is released documents on high level spying on foreign leaders including the then president of russia. >> reporter: yet another disclosure that great britain spied on world leaders at two london summit in 2009. one of them targeted the then russian president. protestors outside the u.s. kons lit in hong kong were demonstrating in support of snowden, the acknowledged nsa leaker. >> i think a great person is willing to expose this. >> reporter: china is encouraging support for snowden ever since he told a chinese newspaper last week that the u.s. hacked into computers there for years. on fox, dick chaney who helped institute it and congress rejected the surveillance program. >> i think he's a traitor and committed crimes by violating agreements begin the position he had. >> reporter: snowden is still beli
CNN
Jun 20, 2013 8:00am PDT
parkts do markets down 1 to 3%. this is the world reacting to the economy being well enough so they can pull back sometime next year. >> can i ask a stupid question? >> what's your stupid question. >> first of all, if the economy is doing better, and we all knew the stimulus is temporary, why is this such a surprise? >> that is a great question, because this is exactly what everyone said they thought would happen, that the fed would say stimulus is going to continue, but they would give a road map for how it would be tamped down. that's exactly what happened. the nagging worries you still see in global markets. record unemployment in europe. china's factory output is the slowest in nine months. last year china's growth was the slowest in 13 years, and there's this worry that if you have no fed in the u.s., you have no growth. look how much money the fed has been pumping into the system. you have the fed's balance sheet that has exploded and you still only have 2% growth in the u.s. if you've got china slowing and the fed pulling back at the same time, what is that going to mean for mark
FOX News
Jun 14, 2013 5:00pm PDT
resessions, we've always seen an uptick in these programs. when the economy improved, we always saw those levels retreat and go back down. this time it is not happening. no entitlements. do you think there is a political motive here with the far left which now control the white house and most of congress that they are actively trying to lock people into this government dependency to lock in a permanent democratic majority? >> i think that conclusion can be easily reached. because for one thing, to your point about usually when we see an economy move beyond the recession, we see these programs recede with them. we've seen almost a million additional households on food stamps in the course of the past year. that is unheard of, unthinkable. in terms of a dependency motive for this administration for the left that is represented by the democratic party in washington, i think that's entirely possible. but as troubling is that the right, the republican party has not come up with intelligence sustainable, effective solutions in response to what they see as the motivation and the program of this
FOX News
Jun 18, 2013 6:00pm PDT
economy, and it's happening every day. it's a perfect example of the waste, fraud and abuse going on because of bloated government. >> what's your reaction? >> i can't believe you guys are making this example. first of all, danine is talking about an underground economy, you're talking about it coming out of the taxpayer's pocket. both wrong. this is a universal fee charged everyone with a cell phone. let me finish. they finish, they have this charge because of access for people in poor areas of the country. you have to be in poverty to qualify for one of these phones. you get 90 minutes a month so an employer has a contact number. these are legitimate reasons. >> there are 10 million people who are getting these phones. >> i'm sorry we have that many poor people. it wasn't started. people call it obama phone, it started under ronald reagan. >> it started under them, it was wrong now, it's wrong now. >> it's not an example of an entitlement president, welfare excess, it's a good program started by a republican president that had some fraud and has to be addressed. >> it's not the
FOX News
Jun 18, 2013 7:00pm PDT
, plus the anemic economy have undermined people's confidence in his credibility and integrity. 45 approve, 57 disapprove. the lowest, 34/64, the previous low was in august of 2011. strong leader, 52-48. it's the lowest since january 2012. and the lowest of his entire term was 48-52. managing the government effective i lrks 47-53, the lowest since september 2011, and not a typical politician, lowest in office. when he came into office, it was 63-36. >> i suppose his trip overseas, he had to go to the g-8, it does have the appearance of getting out of dodge. he doesn't realize all these numbers are sinking in, he needs to talk to us, he needs to come back to talk to the american people. bad timing, though. >> the g-8 from his perspective was at an unfortunate time. this has all been happening, and he squandered the weeks leading into this, we've known about the -- some of these things for going on three and four and five weeks, benghazi obviously longer than that, the irs scandal, the ap records, the leaks and these things have been out there for anywhere from a week to ten days to
MSNBC
Jun 17, 2013 10:00am PDT
's supposedly about the global economy but of course, the war, the political conflict, top of mind is syria. >> that's right. this was all supposed to be about figuring out how to help europe's economy get out of its recession as fast as the u.s. has done. talk of a big trade pact. granted, that's still happening. but syria is the dominant topic. the president meets with vladimir putin on the schedule it is supposed to be in about 15 minutes. we expect it to be a 60 to 90-minute bilat cal session. then the two leaders will speak afterwards. now judging by the tone of the bilateral meeting -- at least the read-out of the meeting that putin had with david cameron in london yesterday, whether it came to the issue of syria, it would be surprising if somehow they came out with some break-through about what to do next. as you know, the united states position is try to convince putin that it is in his best interests to essentially push assad out and help keep assad's regime at the negotiating table. it is a tricky deal for the u.s. to sell. we'll see if putin is listening. >> who else might be lis
MSNBC
Jun 18, 2013 10:00am PDT
the book. what you've done is try to pull back the covers, if you will, on the way the economy and what we've come through with this devastating recession has affected lives across the country. tell me what you were trying to accomplish. >> the unwinding is a portrait of america over a whole generation. it begins in 1978 which is when i think a lot of the things that we're very familiar with today, deindustrialization, political polarization, the rise of lobbying, the information age had their origins. and it follows a handful of characters, most of whom readers won't have heard of. through their lives, as they move through america, through this incredibly tumultuous time, all these olden institutions and stru structures which used to support ordinary people's ambitions starts to unravel more and more. it is about the undoing of a social contract and it ends today. it is a whole generation of history. >> how has it affected our politics? >> i think what we've seen is, '78 was the year newt grichl in was elected to congress. there are profiles of ten celebrity americans to show what's happe
MSNBC
Jun 18, 2013 11:00am PDT
told "the new york times," quote, i think it's a stupid idea to bring this up. the economy is on everybody's minds. we're seeing stagnant job numbers, confidence in the institution and government is eroding. joining me, samantha gordon. thank you for joining us. samantha, you heard kelly o'donnell say that you have republicans, conservatives who believe, yes, this may not go anywhere, meaning turning into law. but their message is being discussed and it is on the forefront and we are leading this show and many others have talked about it all day. >> you know, absolutely, tamron. back in 2012 the republicans know they have an anti-choice, anti-woman agenda and that's what we're seeing today. you know, they say they want to appeal to women but that's not what they're doing. they're saying they want to push a social agenda despite the way women and most americans feel. seven out of ten americans support roe versus wade. we've seen that this year. however, this eey refuse to wor jobs and the economy and push their personal agenda on the american people. >> craig melvin asked if
MSNBC
Jun 21, 2013 11:00am PDT
falls below 6.5%. he has no fixed plan to stop purchasing the securities helping to lift the economy. even when they stop, they won't turn around and sell them, which would be bad for investors. we've had several billionaire money managers writing in to voice their continued confidence in the stock market saying this will all pass too. afterall, the economy is heading in the right direction. tr tamron, if you want to invest in the stock market right now, you're going to have to have a steel stomach. >> thank you, kayla. the news nation is also following breaking news out of the white house where president obama is about to nominate james comey to be the next head of the fbi. he's a former justice department official who helped oversee the legality of the national surveillance program under president george w. bush. if confirmed by the senate, he would replace robert mueller, who's head of the agency since september 2001. although fbi directors are limited to a single ten-year term, mueller's term was extended by the senate at the president's request. comey's nomination comes as the f
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